"It appears that the General Meeting has been convened for the purpose of voting 'quickly' on issues related to the wash-plant and anything else that needs a vote ..." Such as flooding the market with another 600million+ shares, I suggest you tell the whole facts pal, (Read the RNS's!)
It appears that the General Meeting has been convened for the purpose of voting 'quickly' on issues related to the wash-plant and anything else that needs a vote ...
The AGM is a legal requirement, and is a meeting of the general membership of an organisation. Having attended AGM's including Edenville's much of what is covered is that annual general stuff, and I think I am correct in saying it's not the time or place that they would make an announcement, as only those there initially would be aware of it.
I do know that Rufus (and previously Sally et al.) are the concerned about the SP and commented on the fact as the SP went down on the day myself and Merlin attended. (wasn't our fault).....ha
No matter how much you are earning the company SP is a sign of success, and apart from money egos are at stake.
With regard to the comments about the bod not owning shares I think it's a bit naive to think where large amounts of money are involved that everyone in and related to the company is not absolutely loaded to the eyeballs!!
All imvho dyor
Myself and Merlin intend going to the AGM and it would be nice to meet some of the other members and let them have their say!
Imo would love to hold this general meeting after maybe some positive news , but if that is indeed the case then it will back fire as positive news would mean a higher share price which in turn would make the mates rate placing coming up at 0.80 look even worse !
and although I follow the process/progress very closely (as I said yesterday) I don't do conspiracy theories or try to read between the lines.
Having meet RS and the rest of the Edenville bod I tend to take everything we are led to believe by the company as the truth. Most of what we know is verified by the undertaken and completed requirements all verifiable by MEM. I also don't believe that Edenville are able, or would knowingly lie in their RNS's.
So, if everything is true then we are moving along nicely. If however it's all a mirage or figment of someone's imagination then we are all doomed!
Everything currently indicates that much will happen in the next 3 or 4 months, and much more will continue to fall into place over the next year or more.
The thing that most forget is that until we have revenue we are still principally a prospecting company. This is a Anglo Tanzanian project proceeding at Tanzanian pace.
Like everyone invested I am feed up to the back teeth with the drag on the sp, but know and understand that we are in a better place now than ever before, and closer to much of what we have been waiting for.
Out of nothing the company found coal, and have continued to progress to date. This really seems/appears to be coming together, and is up picking up some momentum.
I personally am happier in than out. So much so I added to my holding recently. You have to be in it to win it!
I heard a story about Texaco Oil, where they drilled a test well and hit it big time. They came to the conclusion of how big a oil reserve they had hit and commissioned 4 more oil rigs and on receipt started drill 4 more wells an appropriate distance from the first well. They drilled far further than the first well and did not hit any oil. Why, well they came to the conclusion that the shape of the oil reserve was like a mountain shape and the first well had been the top of the mountain and the other 4 were placed about the base of where the bottom of the mountain would have been.
So the moral is be thankful for what you have and don't count your chickens etc... So all we know is that EDL has 173MT of coal and there may not be any more coal in the larger area.
Like everyone else I want there to be more coal but just in case..... I will settle for the 173MT....
This Aim market for you!! I do wonder the same sometimes!! But I believe this disparity will soon equal/better than kibo.. Like you have mentioned 100% more coal 171mt and dont forget the resource is potentially 7 times bigger.. so we are talking of near billion tonne! Coal mining licence already! With the recent news flow are more expected this will head only one way in anticipation of coal purchasing parties!! This is under the radar imo and will very soon be picked up by the market..... gla
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